The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

U.S. retail sales rose in January by the most in nearly two years, signaling robust consumer demand that could bolster the Federal Reserve’s resolve to keep raising interest rates in the face of persistent inflation.

Still-elevated inflation and a robust job market will likely keep the Federal Reserve officials on track to raise interest rates in the upcoming months. Amid ongoing market uncertainties, investors could consider adding fundamentally sound stocks, Visa (V), Cigna Corp. (CI), and Molina Healthcare (MOH), to their portfolios for long-term returns.…

Inflation has slowed from its painful 2022 peak but remains uncomfortably high, making it difficult for the Federal Reserve to wrestle back to its goal. Amid this backdrop, it could be wise to invest in quality stocks Walmart (WMT) and Coca-Cola (KO) to buy and hold forever. Read more….

While the Nasdaq Composite gained over the past month, the gains might not sustain amid the challenging macroeconomic backdrop. Moreover, the anticipated continuation of rate hikes and mass layoffs is making investors anxious. Given the uncertain outlook, fundamentally weak tech stocks Snowflake (SNOW), Affirm Holdings (AFRM), PAR Technology (PAR), and…

America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve

Although favorable macro data rekindled investor optimism, the Fed’s intention of raising rates to tame stubbornly high inflation could possibly tip the economy into recession. With anxiety escalating, it would be wise to add quality stocks Johnson & Johnson (JNJ) and Bristol-Myers Squibb (BMY) to your portfolio to sail through…

Asian stock markets have slipped after U.S. inflation edged down less than expected, fueling concern the Federal Reserve might think more interest rate hikes are needed

Bank shares are smashed as RBA governor Philip Lowe doubles down on the urgent need for rate rises to quash inflation, while Andrew Forrest urges climate change deniers to be removed from any positions of influence.

Joe Biden addressed the National Association of Counties meeting today, 14 February, after the latest US inflation data was released.

The path to price stability might be longer and more uneven than it was in 2022.

U.S. consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected.